Korea Times (Seoul, Korea)

English-language newspaper published daily in South Korea that covers politics, society, business, finance, culture, and sports.

Articles from November 11, 2000

1,000 Asian Sports Leaders to Meet in Pusan
The 19th general session of the Olympic Council of Asia (OCA) will be held tomorrow at Lotte Hotel in downtown Pusan, the largest port city in South Korea, with attendance of some 1,000 representatives and journalists from 42 OCA member nations. Pusan...
4 Banks Set for Capital Reduction
After having been given their fate last Wednesday, the four weak banks are expected to reduce their capital reserves before being placed under the government-led holding company. A high-ranking government official yesterday hinted that the government...
Ballet Argentino
The influx of Latino dancers into the United States is no longer a novelty. Cuba and the Argentines, the principal sources of this invasion have contribute a goodly number of these of both sexes who display extraordinary virtuosity and often the stage...
Carl Pope of Sierra Club Spurns Ralph Nader's Letter
Who could utter the most grievances against the candidacy of the Green Party's Ralph Nader, regardless of the U.S. presidential election's result? Already, the position has been claimed by Carl Pope, executive director of the prestigious Sierra Club,...
Chong Wa Dae Strengthens Discipline for Staff
Chong Wa Dae yesterday issued a memo to all of its staff to be prudent in conducting their assigned duties, and behave themselves in their private lives and investment. The instruction was issued after a former Chong Wa Dae sweeper was under investigation...
Gov't to Quicken Liquidation of Nonviable Firms
Suh Young-hoon, chairman of the ruling Millennium Democratic Party (MDP), said yesterday that the government would liquidate troubled firms which have no self-rescue plans and no prospects for normalization. ``The government would resuscitate corporations...
History of Olympic Council of Asia
The Olympic Council of Asia (OCA) is in charge of comprehensive sports Events taking place in Asia. The OCA has priority over any organization or institution in Asia for affairs related to the Olympic Games, continental level games and international...
Hyundai Motor Rejects Construction's Request for Help
Hyundai Motor chairman Chung Mong-koo yesterday rejected a request for help by Chung Mong-hun, his estranged younger brother and leader of Hyundai Group, in the latter's effort to prop up his flagship, Hyundai Engineering and Construction. In...
Hyundai Proves Blood Not Always Thicker Than Water
Is blood thicker than water? The question was put to the second generation leaders of Hyundai Group that is falling on hard times. Their answer seems to be ``not always,'' as the elder brother turned down the desperate request of help made by his...
Imported Corn Product Recalled for Using Unapproved GMO Corns
A large amount of a corn-based products containing an unapproved variety of gene-altered grain were found to have been imported from the United States and some of them were consumed in Korea. The Korea Food and Drug Administration (KFDA) announced...
Kim Un-Yong Sees Bright Future for Pusan Award
The Pusan Asian Games are less than two years away and the top sports people from around Asia are converging on the port city to check up on the preparations and make sure the sports spectacle is heading in the right direction. As officials from...
Korean Ministers Leave for APEC in Brunei
Two Korean ministers yesterday left for Brunei to attend the ministerial meeting of the Asia-Pacific Economic Cooperation (APEC) forum, aimed at addressing problems accompanying globalization and other issues of regional and global concerns. Foreign...
Koreas Agree to Use a Special Currency
South and North Korea agreed yesterday to use a special currency for inter-Korean trade settlements. The two sides agreed to include a provision in agreements on major trade issues that other currencies besides the U.S. dollar could be used in inter-Korean...
'Less Consumption May Lead to Stagnation'
A leading economic research institute yesterday warned that the rapidly contracting consumption might lead to a drop in the nation's economic growth rate and bring about stagnation. LG Economic Research Institute cited the need for prompt corporate...
New Hybrid Cow Produces Milk Stimulating Calcium Absorption
A university research team has succeeded in breeding a cow, which produces milk containing a substance which stimulates the absorption of calcium in humans and animals. The new milch cow is a hybrid of Korea's indigenous cattle and Holstein cows,...
Pusan,Treasure House ofTourism
With the 2002 Asian Games scheduled in Pusan, the second largest city in Korea, attention has been converging on the city's rich historical and cultural heritage. Located on the southeastern tip of Korea, Pusan is the largest trading port in Korea...
Southeastern Korea's Economic and Cultural Hub
It has a key role in the southeastern economic sector's industrial, foreign trade, financial and information technology fields. In addition, it has great development potential, because it has abundant tourist resources and a vast area of arable...
Warrant Sought against Regulator in Bribery Case
The prosecution yesterday sought an arrest warrant for a senior Financial Supervisory Service (FSS) official on bribery charges after questioning him for two days. Prosecutors have reportedly confirmed that Kim Young-jae, assistant FSS head, has...
Welcome to the 19th OCA General Assembly
Your Excellencies, Respected Delegates, Dear Friends and Colleagues: It is indeed a pleasure to welcome you all to the 19th OCA General Assembly and to the beautiful city of Pusan, the site of the first Asian Games of the new millennium. I, on...
World Congress on Environmental Design Convenes Thursday in Seoul
Some 100 world renowned architects, designers and scholars are flying into Seoul to attend the World Congress on Environment Design for the New Millennium, which began Thursday at the Convention and Exhibition Center (COEX) in southeastern Seoul. ...